Skip to main content

Iran Begins Bidding for Oil and Gas Projects



Iran will begin taking applications on Monday for an unspecified number of energy projects, the oil ministry's news agency SHANA reported on Sunday, as the country moves to launch exploration and production contracts after the lifting of sanctions.


State-run National Iranian Oil Company (NIOC) said "reputable and eligible companies" should fill the applications for upstream oil and gas projects which will be made available on its website nioc.ir, SHANA said.

NIOC signed the first oil output contract under the new, less restrictive Iran Petroleum Contract (IPC) model earlier in October with a firm identified by the United States as part of a conglomerate controlled by Iran's supreme leader.

Source: Global Oil & Gas
Please leave comments and feedback below
Labels:

Comments

Post a Comment

Popular posts from this blog

Second explosion in one year on Aces FPSO in Pakistan

A fire broke out aboard the partially scrapped ACES FPSO at a shipbreaking plot in Gadani Pakistan.
Post a Comment
Read more

Uganda’s Big Shift To Oil—Can It Work?

Uganda's oil success depends upon tapping the 6.5 billion barrels of crude which sits within Uganda’s Lake Albert Basin.
Post a Comment
Read more

Tropical Arctic Logistics Launches New N43.8b worth of Helicopter in Nigeria, Names Her ‘Chinenyeze

Top Business mogul Emperor Chris Baywood Ibe ( CEO of Tropical Arctic Logistics Limited) recently launched a new helicopter named ‘Chinenyeze’. The helicopter arrived Muritala Mohammed International Airport on May 29, 2018.
Post a Comment
Read more